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Energy Tomorrow is brought to you by the American Petroleum Institute (API), which is the only national trade association that represents all aspects of America's oil and natural gas industry. Our more than 500 corporate members, from the largest major oil company to the smallest of independents, come from all segments of the industry. They are producers, refiners, suppliers, pipeline operators and marine transporters, as well as service and supply companies that support all segments of the industry.

Oil and natural gas industry groups joined by environmentalists and anti-hunger groups have joined forces to outline concerns with the Renewable Fuel Standard (RFS) and to ask Congress to repeal or significantly reform the program with its ethanol mandates.

Gulf Coast refiners’ traditional sources of heavy crudes, particularly Mexico and Venezuela, are declining and are expected to continue to decline. This results in an outlook where the refiners have significant incentive to obtain heavy crude from the oil sands. Both the EIA’s 2013 AEO (Annual Energy Outlook) and the Hart Heavy Oil Outlook (Hart 2012b) indicate that this demand for heavy crude in the Gulf Coast refineries is likely to persist throughout their outlook periods (2040 and 2035 respectively).

The New York Times op-ed (Robert Bryce): With the collapse in global oil prices, members of Congress are once again pushing to raise the federal gasoline tax, with the proceeds going to new roads, bridges and other infrastructure projects. While some in Congress might be averse to a tax increase of any kind, they might find it more palatable if it came packaged with a tax cut.
Fortunately, there is a perfect option, a hidden levy that has benefited a small group of farmers and manufacturers in a handful of states: the corn ethanol tax.

“The reason that a lot of environmentalists are concerned about it is the way that you get the oil out in Canada is an extraordinarily dirty way of extracting oil, and obviously there are always risks in piping a lot of oil through Nebraska farmland and other parts of the country.”

NY Times: Sometimes, even the supposed experts can lose track of a billion dollars or two. Or, in this case, $100 billion.
While few outside of Texas and North Dakota are complaining about this huge savings that consumers have enjoyed since energy prices began falling last summer, economists have been stumped recently trying to figure out exactly what consumers are doing with the windfall.

The Washington Post (Glenn Kessler): President Obama, seeking to explain his veto of a bill that would have leapfrogged the approval process for the Keystone XL pipeline, in an interview with a North Dakota station repeated some false claims that hadpreviously earned him Pinocchios. Yet he managed to make his statement even more misleading than before, suggesting the pipeline would have no benefit for American producers at all.
The Fact Checker obviously takes no position on the pipeline, and has repeatedly skewered both sides for overinflated rhetoric. Yet the president’s latest comments especially stand out. Let’s review the facts again.

“Part of the reason North Dakota has done so well is because we've very much been promoting domestic U.S. energy use. I've already said I'm happy to look at increasing pipeline production for U.S. oil. But Keystone is for Canadian oil. Sending it down to the Gulf. It bypasses the U.S., it estimated to create 250, maybe, 300 permanent jobs. We should be focusing on American infrastructure for American jobs for American producers, and that's something we very much support.”

In the span of just six sentences, the president contradicts expert analysis of Keystone XL’s jobs and market impacts at least four times – about once for each breath.

By continuing to delay the Keystone XL pipeline, President Obama continues to elevate politics over the pipeline’s merits and symbolism over acting in the U.S. national interest.

Instead of giving the go-ahead to a project that would create good, middle-class jobs, boost the national economy and strengthen America’s energy security, the president talks about preserving processes and procedures. That’s not leadership for the entire country; that’s once again giving in to Washington politics.

After more than six years of review, President Obama continues to delay the Keystone XL pipeline, saying bipartisan congressional legislation to advance the project needed to be vetoed to defend process and procedure – a process that now has stretched more than 2,300 days. Keystone XL remains in limbo, despite overwhelming public support, drawing the attention of newspaper editorial boards and columnists across the country:

Houston Chronicle (excerpt): Putin tips his hand with this dedicated focus on fracking, revealing just how much of a threat alternative energy sources pose to his control in Europe.
"Energy is the most effective weapon today of the Russian Federation," Victor Ponta, the Romanian prime minister told the New York Times last year. "Much more effective than aircraft and tanks."
This is the game that the United States can win if we choose to play. Exporting oil and gas poses one of the best opportunities to strengthen our allies in NATO and the European Union. The former Soviet Union provides more than 40 percent of Europe's oil. Russia has nearly exclusive control over natural gas supplies to the Baltic nations, which the United States has a duty to protect under the NATO charter. This level of control leaves our allies vulnerable to price shocks and supply cuts at the whim of an expansionist oligarch. Yet U.S. crude is still restricted by a 1970s-era export ban and the federal government drags its feet on approving liquified natural gas exports.

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Energy Tomorrow is a project of the American Petroleum Institute – the only national trade association that represents all aspects of America’s oil and natural gas industry – speaking for the industry to the public, Congress and the Executive Branch, state governments and the media.